An Post set to increase prices

AN POST, which last year had losses of €70.5 million, the worst in the history of the State, is to increase its prices.

From the end of this month the cost of a basic stamp will be increased from 41 cent to 48 cent as part of sweeping changes aimed at propping up the company.

The Commission for Communication Regulation, ComReg, has put final approval for the price increase on hold because discount schemes proposed by An Post, mainly for large business customers, will not be of benefit to small and medium-sized organisations.